Hi traders,
You probably know SEA limited, many says it could be next Amazon of Asia.
But are the conditions good right now for such claims and expectations of High returns? (Amazon also had several HUGE drops during early years).
In my opinion SEA same like entire ecommerce / fintech companies formed first corrective wave down !! (A)
Right now this speculative stocks are forming some retracement correlating to SaP500. But more likely to Chinese Stock market (what is interesting considering ideas of Ray Dalio - The Changing of world order).
Check this previous China analysis where SEA was also included:
Afterwards there should come another blowout for bagholders with another huge drop (maybe around -80%) // Similar to Crypto winters.
Dont be greedy and take profits if you are allredy in LONG positions from local lows.
I will notify you with EW counts of subwaves at small TF.
Companies which will survive those drops will most likely bring HUGE profits (could be 20-100x baggers) in next 10 years.
Right now do your homework, create a list of interesting companies which will bring the future of internet and could survive Recession of US market (and big growth of Asia / china). ;)
You probably know SEA limited, many says it could be next Amazon of Asia.
But are the conditions good right now for such claims and expectations of High returns? (Amazon also had several HUGE drops during early years).
In my opinion SEA same like entire ecommerce / fintech companies formed first corrective wave down !! (A)
Right now this speculative stocks are forming some retracement correlating to SaP500. But more likely to Chinese Stock market (what is interesting considering ideas of Ray Dalio - The Changing of world order).
Check this previous China analysis where SEA was also included:
Afterwards there should come another blowout for bagholders with another huge drop (maybe around -80%) // Similar to Crypto winters.
Dont be greedy and take profits if you are allredy in LONG positions from local lows.
I will notify you with EW counts of subwaves at small TF.
Companies which will survive those drops will most likely bring HUGE profits (could be 20-100x baggers) in next 10 years.
Right now do your homework, create a list of interesting companies which will bring the future of internet and could survive Recession of US market (and big growth of Asia / china). ;)
